Economics June 2013
- India’s trade deficit widened to a seven month high of $20.1
billion in May as gold imports continue to surge while exports declined
by over a percent.
- Reserve
Bank on Monday kept the key interest rates unchanged citing elevated
food inflation, rupee depreciation and uncertainty over foreign fund
inflows. Key short term lending rate (repo rate) kept unchanged at 7.25
per cent;Cash reserve ratio unchanged at 4 pc;
- rbi policy
- A
slew of stimulating reforms are in the offing. Over the next three
weeks, the Centre is likely to set up a railway tariff authority, a coal
and road regulator, unveil a new policy of auctioning coal blocks and
remove the FDI cap in various sectors. The moves come as an attempt to
kick-start a sluggish economy, remove the investment gloom and improve
investor confidence.
- Search engine giant Google on Monday
launched a new ad format ‘Product Listing Ads’ in India to provide users
information like images, price and brands of products, which will help
people shop better both online and offline.
